Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): INR 0.25% of the turnover.
Brokerage Charge For Intraday Trading: INR 0
Brokerage Charge For F&0 Trading: INR 20
Annual Maintenance Charge: INR 50 + GST per month, if value of securities invested in is greater than INR 1,000.
Payment Gateway Charges Netbanking: INR 7 + Gst, for each time you add funds to your account.
Payment Gateway Charges UPI: INR 0
Interest On Outstanding Balance: 0.049% per day.
Digital KYC Charges: INR 0
Call & Trade Order: INR 90 + GST
Account Opening Fees
INR 99 (one time)
Eligibility
Any Indian resident above 30 can apply.
Annual Fees
INR 0
Kotak Securities Trade Free Plan Review
Special Features
You get free access to Kotak Trade API.
Features
Cons
No zero brokerage.
Limited physical presence.
Pros
Low brokerage for intraday.
Low brokerage for normal trades.
Clean and simple user interface.
Free access to Kotak Trade API.
Part of Kotak group.
Pros and Cons
How to Apply?
There are two main ways to open a demat account with Kotak Securities: online and through their mobile app.
Online:
Visit the Kotak Securities website and click on "Open Demat Account".
Fill out the application form and upload the required documents, which include:PAN Card
Aadhaar Card (or any other identity proof)
Proof of address (like utility bill or bank statement)
Bank account details
Income proof (optional)
You can then complete e-KYC for verification and provide nominee details.
After successful verification, you will receive a welcome email and login credentials from Kotak Securities.
Mobile App:
Download the Kotak Securities app from the App Store or Play Store.
Register with your mobile number and email ID.
Upload your Aadhaar card and PAN card.
Complete the e-KYC process and provide nominee details.
Link your Kotak Mahindra bank account (if you have one) or enter your bank account details.
Verify your selfie and signature.
Choose your investment plan and make the payment.
You will receive confirmation on your registered email and mobile number, and you can start using the app.
Documents Required
Account Opening and Procedures
Kotak Securities
Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. However, The customer support of Kotak securities is very poor. Their app also doesn't work properly.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai